Underwriter Financial Lines

Facultative Financial Lines Underwriter

Who we are:

American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of financial lines insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.

Get to know the business:

General Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world’s most far-reaching financial lines networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.

At AIG, we empower our underwriters to put their exceptional analytical skills to use every day to assess and measure risk. Their decisions are critical to driving the company’s success and profitability.  Our underwriters embody AIG’s tradition of innovation, developing insurance solutions to minimize the risk exposures of corporate and individual clients. They delve into a wide range of areas, including aviation, catastrophic events and high-net-worth individuals.

What you need to know:

The Facultative Financial Lines Underwriter will be responsible for supporting the Facultative Desk Financial Lines Product Leader in the day to day underwriting and management of the overall Financial Lines portfolio written through the AIG FAC Desk - Latam including developing business development strategy, management of broker and distribution channels, budget and business planning functions and reporting, portfolio analytics, development and training of staff, and compliance of internal policies to achieve a sustainable and profitable regional portfolio, including but not limited to:

Underwriting

• Actively source business opportunities and underwrite FAC Financial Lines across LAC as per Business Plan objectives.

• Supports Product Leader with development, monitoring and influences the deployment of Financial Lines underwriting strategy, P&L, product development, executing upon agreed strategies within global ‘guardrails. This includes detailed monitoring standards / quality reviews to assess loss ratios and underwriting results as well as active portfolio management.
• Actively support development, position, market, and deliver innovative, market-leading products and services through a zonal framework to a network of producers in a manner that effectively leverages our strengths as a competitive differential in the marketplace.
• Drive underwriting excellence across the business by establishing and ensuring adherence to risk appetite, line setting, standards and guidelines, and ensure rating and pricing adequacy.

• Collaborate with Distribution and Territory Managers, and other line(s) of business underwriters to target desirable accounts and cross selling opportunities from brokers and cedents.
• Develop strong, long term relationships with brokers and clients to profitably grow a book of business.
• Provide superior customer service to brokers and clients.

Team & Operational Management

• Support Product Leader to drive continuous professional development of the Financial Lines team in the Facultative Reinsurance Desk.
• Ensures the required standards of governance, systems and controls, and regulatory compliance are established and maintained by team members for the Financial Lines division.
• Supports team in making business decisions that leverage their expertise and experience in combination with analytical models.

• Work with Claims, Finance, Operational, Accounting, Legal, and Actuarial support teams to support portfolio management functions.
• Drive a culture that promotes collaboration, diversity and inclusion.
• Support in the generation of key performance indicators including but not limited to monitoring of submission flow by distribution channels, effectiveness ratios, analysis of losses/ claims behaviors, among others.
• Support in the preparation of commercial presentations, marketing material and other initiatives as the business requires.  
• Maintain updated underwriting files based on corporate guidelines.

What we’re looking for:

• Location: Bogota - Colombia
• University degree; Economics, Business Administration or Law degree preferred.
• Minimum of 3 years’ underwriting experience writing LAC Financial Lines.
• Facultative underwriting experience across LAC (Latin America Countries) markets with expert technical underwriting background in FAC Financial Lines.
• Expert working knowledge of LAC Financial Lines business product features, policy forms, and FAC regulatory environments.
• LAC FAC broker network with strong professional relationships with major FAC and wholesale reinsurance intermediaries in the region, as well as with customers and cedents.
• Knowledge of LAC FAC market segmentation, portfolio management, distribution channels and placement dynamics.
• Demonstrated business savvy, analytical and quantitative skills with strong problem-solving abilities.
• Excellent written and verbal communication skills; Fluency in English and Spanish.
• Proven track record of delivering profitable growth in Financial Lines LAC Facultative markets.
• Strong business acumen, with a proven track record of making sound judgment backed by strong analytical, quantitative, process and systems skills.
• Strategic and result oriented, managing vision and purpose.
• Strong influencing and communications skills, and ability to work collaboratively and manage stakeholders effectively in a matrix structure and across a wide geography.

A look at our benefits:

At AIG, we have a 100-year legacy of working to make the world a better place.  And that begins with our employees. We’re proud to offer a range of employee benefits and resources that help you protect what matters most – your health care, savings, financial protection, and wellbeing. We provide a variety of leaves for personal, health, family, and military needs. For example, The “Giving Back” program allows you to take up to 16 hours a year to volunteer in your community.

We are an Equal Opportunity Employer:

It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories. At AIG, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

Reimagining insurance to make a bigger difference to the world

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of inclusion

We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities.  If you believe you need a reasonable accommodation, please send an email to [email protected].  

Functional Area:

UW - Underwriting

National Union Fire Insurance Company of Pittsburgh, PA. Oficina de Representación